SC0I.DE vs. PRAJ.DE
SC0I.DE (Invesco MSCI Japan UCITS ETF) and PRAJ.DE (Amundi Prime Japan UCITS ETF) are both Japan Equities funds - SC0I.DE tracks the MSCI Japan while PRAJ.DE tracks the Solactive GBS Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, SC0I.DE returned 9.37%/yr vs 9.67%/yr for PRAJ.DE. With a 0.97 correlation, they move nearly in lockstep. SC0I.DE charges 0.19%/yr vs 0.05%/yr for PRAJ.DE.
Performance
SC0I.DE vs. PRAJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SC0I.DE having a 14.80% return and PRAJ.DE slightly higher at 14.82%.
SC0I.DE
- 1D
- -2.54%
- 1M
- -4.40%
- 6M
- 7.55%
- YTD
- 14.80%
- 1Y
- 32.01%
- 3Y*
- 15.32%
- 5Y*
- 9.37%
- 10Y*
- 8.52%
PRAJ.DE
- 1D
- -2.18%
- 1M
- -3.11%
- 6M
- 7.91%
- YTD
- 14.82%
- 1Y
- 31.70%
- 3Y*
- 15.55%
- 5Y*
- 9.67%
- 10Y*
- —
SC0I.DE vs. PRAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SC0I.DE Invesco MSCI Japan UCITS ETF | 14.80% | 12.31% | 13.65% | 16.36% | -12.51% | 9.85% | 3.90% |
PRAJ.DE Amundi Prime Japan UCITS ETF | 14.82% | 12.81% | 13.75% | 16.27% | -11.68% | 10.20% | -99.15% |
Correlation
The correlation between SC0I.DE and PRAJ.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.97 |
The correlation between SC0I.DE and PRAJ.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SC0I.DE vs. PRAJ.DE — Risk / Return Rank
SC0I.DE
PRAJ.DE
SC0I.DE vs. PRAJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan UCITS ETF (SC0I.DE) and Amundi Prime Japan UCITS ETF (PRAJ.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SC0I.DE | PRAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.25 | -0.14 |
| Martin ratioReturn relative to average drawdown | 9.87 | 10.47 | -0.59 |
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Drawdowns
SC0I.DE vs. PRAJ.DE - Drawdown Comparison
The maximum SC0I.DE drawdown since its inception was -41.87%, smaller than the maximum PRAJ.DE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for SC0I.DE and PRAJ.DE.
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Drawdown Indicators
| SC0I.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -99.42% | +57.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -9.72% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -16.82% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.11% | -18.65% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -28.00% | — | — |
Current DrawdownCurrent decline from peak | -7.18% | -98.59% | +91.41% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -98.79% | +85.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.02% | +0.21% |
Volatility
SC0I.DE vs. PRAJ.DE - Volatility Comparison
Invesco MSCI Japan UCITS ETF (SC0I.DE) has a higher volatility of 6.75% compared to Amundi Prime Japan UCITS ETF (PRAJ.DE) at 5.97%. This indicates that SC0I.DE's price experiences larger fluctuations and is considered to be riskier than PRAJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0I.DE | PRAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 5.97% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 15.66% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.87% | 19.34% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 16.72% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 42.68% | -25.33% |
SC0I.DE vs. PRAJ.DE - Expense Ratio Comparison
SC0I.DE has a 0.19% expense ratio, which is higher than PRAJ.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SC0I.DE vs. PRAJ.DE - Dividend Comparison
Neither SC0I.DE nor PRAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, SC0I.DE and PRAJ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, PRAJ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAJ.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for SC0I.DE.
SC0I.DE tracks MSCI Japan, while PRAJ.DE tracks Solactive GBS Japan Large & Mid Cap. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for SC0I.DE and 0.05% for PRAJ.DE.
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